PCI (Prop Consultants & Investments) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07922435 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 January 2016

for

PCI (Property Consultants &

Investments) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P R Nash

REGISTERED OFFICE:

88 Boundary Road

Hove

East Sussex

BN3 7GA

REGISTERED NUMBER:

07922435 (England and Wales)

ACCOUNTANTS:

Clamp Boxall Ltd

88 Boundary Road

Hove

East Sussex

BN3 7GA

FIXED ASSETS

Tangible assets

2

582,296

582,357

CURRENT ASSETS

Debtors

315

382

Cash at bank

64,334

28,611

64,649

28,993

CREDITORS

Amounts falling due within one year

557,754

554,142

NET CURRENT LIABILITIES

(493,105

)

(525,149

)

TOTAL ASSETS LESS CURRENT LIABILITIES

89,191

57,208

PROVISIONS FOR LIABILITIES

25

36

NET ASSETS

89,166

57,172

CAPITAL AND RESERVES

Called up share capital

3

100

100

Revaluation reserve

25,717

25,717

Profit and loss account

63,349

31,355

SHAREHOLDERS' FUNDS

89,166

57,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19 September 2016 and were signed by:

P R Nash - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective

January 2015).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

33% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Investment properties

Freehold investment properties are not subject to periodic charges to depreciation but are included in the

balance sheet at an open market value which is periodically re-assessed. This represents a departure from the

requirements of the Companies Act 2006 which is necessary to comply with the Financial Reporting Standard

for Smaller Entities and to ensure the financial statements are properly representative. The effect of this

departure is to increase retained profits at the balance sheet date by the cumulative amounts of depreciation

which have not been charged to the profit and loss account and to inflate the amount at which the investment

properties are stated by a similar amount. However, the amount of depreciation cannot reasonably be quantified

because depreciation is only one of many factors reflected in periodic valuations and cannot be derived

separately.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 February 2015

and 31 January 2016

582,583

DEPRECIATION

At 1 February 2015

226

Charge for year

61

At 31 January 2016

287

NET BOOK VALUE

At 31 January 2016

582,296

At 31 January 2015

582,357

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

£

100

Ordinary

£1

100

100